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This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
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Sales Activity
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Population
Bankstown - South lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Bankstown - South's population is 19,248 as of November 2025. This figure shows an increase of 814 people since the 2021 Census, which reported a population of 18,434. The change is inferred from the estimated resident population of 19,137 in June 2024 and an additional 102 validated new addresses since the Census date. This results in a population density ratio of 4,354 persons per square kilometer, placing Bankstown - South in the top 10% of national locations assessed by AreaSearch. The area's 4.4% growth since the 2021 census exceeds the SA3 area's 4.1%, indicating it is a growth leader in the region. Overseas migration contributed approximately 71.9% of overall population gains during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered by this data, AreaSearch utilises NSW State Government's SA2 level projections, released in 2022 with 2021 as the base year. Growth rates by age group are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, Bankstown - South is forecasted to experience a significant population increase in the top quartile of Australian statistical areas. By 2041, the area is expected to increase by 7,701 persons, reflecting a gain of 39.4% in total over the 17 years.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Bankstown - South among the top 25% of areas assessed nationwide
Bankstown - South has seen approximately 73 new homes approved annually. Between FY21 and FY25, around 368 homes were approved, with an additional 19 approved in FY26 so far. On average, 3.5 new residents arrived per dwelling constructed over the past five financial years.
This supply lagging behind demand has led to increased buyer competition and pricing pressures. New properties are constructed at an average cost of $253,000, below the regional average, suggesting more affordable housing options for buyers. In FY26, commercial approvals totaled $54.1 million, indicating strong commercial development momentum. Compared to Greater Sydney, Bankstown - South has about three-quarters the building activity per person and ranks in the 61st percentile nationally.
New building activity consists of approximately 31% detached houses and 69% townhouses or apartments, favoring compact living which attracts downsizers, investors, and first-time purchasers. The area currently has around 469 people per dwelling approval, reflecting its established nature. By 2041, Bankstown - South is projected to grow by approximately 7,590 residents. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.
Frequently Asked Questions - Development
Infrastructure
Bankstown - South has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 29 projects that may affect this area. Notable ones include Bankstown Exchange (Stage 1 - Bankstown Central Masterplan), New Bankstown Hospital, Bankstown CBD Transformation, and Sydney Metro Bankstown Line Conversion. The following list details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Bankstown TOD Accelerated Precinct
State-led Transport Oriented Development (TOD) Accelerated Precinct around Bankstown station and CBD. Rezoning effective 27 November 2024 delivering capacity for 14,000 new homes (including 3-4% affordable housing) and 14,300 new jobs across a large mixed-use precinct. Features buildings ranging from 1 to 25 storeys around the new Metro station. Includes new parks, improved transport connectivity, walkways and cycleways. Part of the NSW Government's TOD Program to boost housing supply near major transport hubs. The NSW Government has committed $520 million to provide active transport links and quality public open spaces across TOD Accelerated Precincts. Potential upgrades proposed for Memorial Park and Griffith Park. Development expected over the next 10-15 years.
New Bankstown Hospital
The NSW Government is delivering a brand-new $2 billion+ state-of-the-art hospital on the Bankstown TAFE campus site in the Bankstown CBD. This is the largest single investment in a public hospital in NSW history. The new multi-storey facility will deliver expanded emergency, intensive care, operating theatres, maternity, paediatrics, mental health, cancer care, aged care and comprehensive teaching/training facilities. The existing Bankstown-Lidcombe Hospital will transition acute services to the new site upon completion (expected 2031) and be repurposed for community health services. As of December 2025 the project remains in detailed planning with the State Significant Development Application (SSD-46059944) under assessment by the Department of Planning, Housing and Infrastructure. Community consultation continues and early works (site preparation and demolition) are scheduled to commence in 2026 subject to final approvals.
Bankstown CBD Transformation
The comprehensive transformation of the Bankstown CBD is underway. Key components include the Bankstown CBD Upgrade (in construction) and the adoption of the Bankstown City Centre Master Plan (Planning Proposal submitted for Gateway Determination). The Master Plan guides streetscape improvements, new mixed-use developments, enhanced public spaces, and transport connectivity to create a vibrant, walkable city center, celebrating cultural diversity and supporting future growth. Recent completed projects under this umbrella include a $27 million stormwater upgrade, Paul Keating Park Play Space, and The Appian Way Pedestrian Mall transformation. The overall vision is a long-term, multi-developer initiative for Bankstown to become a leading health, education, and jobs hub.
Sydney Metro Bankstown Line Conversion
Conversion of the T3 Bankstown Line between Sydenham and Bankstown to metro standards as part of the Sydney Metro City & Southwest project. Includes upgrades to 11 stations with platform screen doors, new signalling systems, accessibility enhancements (lifts and level access), track modifications, and introduction of autonomous, air-conditioned metro trains with 4-minute peak frequencies. The line closed in September 2024 for intensive conversion works managed by Martinus Rail. Expected to open in 2026 (delayed from earlier targets due to industrial action). Provides fast travel times, e.g., Bankstown to Central in 28 minutes, and forms part of the overall 66 km Sydney Metro network.
Community Infrastructure Strategic Plan 2050
Canterbury-Bankstown Council's adopted long-term framework (2023-2050) guiding the planning, funding and delivery of community infrastructure including libraries, community centres, aquatic and leisure facilities, sports fields, parks, cultural spaces and civic facilities to support a growing and changing population across the entire LGA.
Bankstown Central Masterplan
A 30-year transformational redevelopment of 11.4 hectares in Bankstown CBD into a vibrant mixed-use urban neighbourhood. Stage One, Bankstown Exchange, features 30,000 sqm of A-grade commercial office space across three buildings with ground-floor retail and an Eat Street dining precinct. The full masterplan includes up to 3,500 residential apartments, 1,800 student accommodation units, 800-guest hotel, serviced apartments, childcare facilities, and landscaped green spaces. The project aims to create a Health and Education Innovation Precinct, supporting 8,400 workers and generating significant economic activity. Retail precinct upgrades include The Grand Market fresh food area with new Coles supermarket, plus major retailers like Uniqlo, JB Hi-Fi, and Services Australia. The development integrates with the Sydney Metro City & Southwest line and complements the adjacent Western Sydney University campus.
Bankstown Exchange (Stage 1 - Bankstown Central Masterplan)
Stage 1 of the Bankstown Central masterplan delivers approximately 30,000 sqm of A-grade commercial office space across three buildings (two 8-level towers and one 5-level building), ground-floor retail with an activated 'Eat Street' dining precinct, new public plazas, a repositioned bus interchange, basement parking for 320 vehicles, 240 bicycle spaces and end-of-trip facilities. The project is a key catalyst for the Bankstown Health and Education Innovation Precinct.
Compass Centre Redevelopment
Redevelopment of the Compass Centre site in Bankstown with demolition of existing structures and construction of a mixed-use precinct featuring a 5-storey podium and three towers: one 19-storey hotel (~169 rooms) and two 24-storey residential build-to-rent towers (339 apartments). Includes retail spaces, supermarket, gym, childcare centre, medical centre, function centre, through-site links to Bankstown Station and Paul Keating Park, enhanced public domain, landscaping, and a two-level basement. SSD application (PPSSDH-182) under assessment as of November 2025.
Employment
AreaSearch assessment indicates Bankstown - South faces employment challenges relative to the majority of Australian markets
Bankstown - South has a well-educated workforce with diverse sector representation. Its unemployment rate was 8.9% in the past year.
Employment growth was estimated at 3.1%. As of September 2025, 8,561 residents were employed while the unemployment rate was 4.7%, higher than Greater Sydney's rate of 4.2%. Workforce participation was significantly lower at 44.9% compared to Greater Sydney's 60.0%. Employment is concentrated in health care & social assistance, retail trade, and manufacturing.
Manufacturing shows strong specialization with an employment share 1.7 times the regional level. However, professional & technical services are under-represented at 7.0%, compared to Greater Sydney's 11.5%. Many residents commute elsewhere for work based on Census data. From September 2024 to September 2025, employment levels increased by 3.1% and labour force by 4.0%, raising the unemployment rate by 0.7 percentage points. In contrast, Greater Sydney's employment grew by 2.1%, labour force expanded by 2.4%, and unemployment rose by 0.2 percentage points. State-level data to 25-Nov-25 shows NSW employment contracted by 0.03% (losing 2,260 jobs) with a state unemployment rate of 3.9%. National forecasts from May-25 project national employment growth at 6.6% over five years and 13.7% over ten years. Applying these projections to Bankstown - South's employment mix suggests local employment should increase by 6.2% over five years and 13.2% over ten years, assuming constant population projections.
Frequently Asked Questions - Employment
Income
The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data
AreaSearch's latest postcode level ATO data for financial year 2022 shows that Bankstown - South SA2 had a median income of $39,796 and an average income of $49,900. This is lower than the national averages of $56,994 (median) and $80,856 (average) for Greater Sydney. Based on Wage Price Index growth of 12.61% since financial year 2022, estimated incomes as of September 2025 would be approximately $44,814 (median) and $56,192 (average). The 2021 Census data ranks Bankstown - South SA2's household income at the 24th percentile ($1,355 weekly) and personal income at the 5th percentile. The earnings profile indicates that 31.2% of locals fall within the $1,500 - $2,999 category. Housing affordability pressures are severe, with only 76.7% of income remaining after housing costs, ranking at the 16th percentile.
Frequently Asked Questions - Income
Housing
Bankstown - South features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Bankstown - South's dwelling structures, as per the latest Census, comprised 36.2% houses and 63.8% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 61.5% houses and 38.4% other dwellings. Home ownership in Bankstown - South was at 24.3%, with mortgaged dwellings at 24.9% and rented dwellings at 50.8%. The median monthly mortgage repayment was $1,820, lower than Sydney metro's $2,240 but close to the Australian average of $1,863. Median weekly rent in Bankstown - South was $415, higher than both Sydney metro's $425 and the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Bankstown - South features high concentrations of group households, with a lower-than-average median household size
Family households account for 74.3% of all households, including 37.3% couples with children, 18.4% couples without children, and 16.4% single parent families. Non-family households constitute the remaining 25.7%, with lone person households at 21.1% and group households comprising 4.6%. The median household size is 3.0 people, which is smaller than the Greater Sydney average of 3.1.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Bankstown - South fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
Bankstown's residents aged 15 and above have 28.3% university degrees, compared to Greater Sydney's 38.0%. This indicates potential for educational development. Bachelor degrees are most common at 19.9%, followed by postgraduate qualifications (7.2%) and graduate diplomas (1.2%). Vocational pathways account for 24.1% of qualifications, with advanced diplomas at 10.6% and certificates at 13.5%.
Educational participation is high, with 35.3% currently enrolled in formal education. This includes 10.0% in primary, 8.4% in secondary, and 7.8% in tertiary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Bankstown - South has 90 active public transport stops offering a mix of train and bus services. These stops are served by 48 individual routes, collectively facilitating 13,107 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 141 meters from the nearest stop.
Service frequency averages 1,872 trips per day across all routes, equating to approximately 145 weekly trips per stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Bankstown - South's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions
Health outcomes data shows notable results in Bankstown - South, with younger cohorts experiencing a low prevalence of common health conditions. Approximately 46% (~8,873 people) have private health cover, compared to Greater Sydney's 48.6%. Nationally, this figure stands at 55.3%.
Diabetes and arthritis are the most prevalent medical conditions, affecting 5.3% and 5.0% of residents respectively. Around 79.4% of residents report no medical ailments, compared to Greater Sydney's 75.8%. Bankstown - South has a lower proportion of seniors (14.7%, or 2,823 people) than Greater Sydney (15.8%). Despite this, health outcomes among seniors require more attention than the broader population.
Frequently Asked Questions - Health
Cultural Diversity
Bankstown - South is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Bankstown-South has a population where 61.1% were born overseas, with 81.1% speaking languages other than English at home. Christianity is the predominant religion, practiced by 35.1%. Buddhism's presence is notably higher at 13.9%, exceeding Greater Sydney's average of 6.7%.
Ancestry-wise, the top groups are Other (24.7%), Vietnamese (22.3%), and Lebanese (12.4%). Notably, Macedonian ancestry is overrepresented at 2.1% compared to the regional 1.7%, Greek at 3.1% versus 3.4%, and Samoan at 0.7% against a regional average of 0.5%.
Frequently Asked Questions - Diversity
Age
Bankstown - South hosts a young demographic, positioning it in the bottom quartile nationwide
Bankstown-South's median age is 34 years, which is lower than Greater Sydney's average of 37 and Australia's average of 38 years. Compared to Greater Sydney, Bankstown-South has a higher proportion of residents aged 25-34 (18.4%) but fewer residents aged 35-44 (13.6%). Between the 2021 Census and the present, the percentage of residents aged 65-74 has increased from 7.2% to 8.5%. Conversely, the proportion of residents aged 5-14 has decreased from 12.2% to 11.3%. By 2041, population forecasts indicate significant demographic changes for Bankstown-South. The 45-54 age group is projected to grow by 52%, adding 1,151 residents to reach a total of 3,369.